Kalinchowk Development Bank to float IPO public shares from August 6

Kalinchowk Development Bank Limited will float its Initial Public Offering (IPO) worth Rs 4.9 crore from August 6.
The IPO will close on August 12 at the earliest if oversubscribed otherwise it will continue till August 20.

Of the total issued 4.9 lakh units of ordinary share, 9,700 units have been allocated for the staff and 24,500 units for the mutual fund.

Growmore Merchant Banker Limited is managing the IPO.  

The development bank’s net worth per share during the third quarter of the last fiscal year was Rs 103.32 and the earning per share was Rs 3.65.

Mount Makalu Development Bank floats its IPO

Mount Makalu Development Bank has issued its Initial Public Offering (IPO) of Rs 60 lakh from 11th April 2014.

Of the total 60,000 units of primary shares being floated, 3,000 units have been earmarked for the mutual fund, 1,200 units for the staff and the rest for the general public.

The IPO will close on April 16 at the earliest if oversubscribed otherwise it will continue till April 25.

Growmore Merchant Banker Limited is managing the IPO.

This IPO is also expected to attract many inventors due to its sound financial statement.

The bank’s net worth per share during last fiscal year is Rs.140 and earning per share is Rs.13.43 which indicates sound financial statement.

After the issuance of IPO, the bank’s paid-up capital will be Rs.2 crore. Credit rating for this IPO is not necessary due to its capital which is less than 2 crore.

Securities Board of Nepal had approved of the IPO in February 17.

Mount Makalu Development Bank is based in Basantapur VDC of Terhathum District.

The Bank was registered in Company Registrar Office on 2066 Mangsir 19th as a Public Limited Company with limited liability on shares.

Similarly it received permission from Nepal Rastra Bank to conduct financial transaction on 2067 Ashad 30th with financial institution of "B" Class (One District) with its activities in Terhathum district.

The bank has started its financial transaction on 2067 Shrawan 5th from its head office at Basantapur, Terhathum.- SSN

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Miteri Development Bank distributing 5% cash dividend warrant from today & 20% bonus share on its way

Miteri Development Bank is distributing 5 percent cash dividend warrant from today.

The moves comes a day after the 8th AGM of the class ‘B’ development bank decided to provide 25 percent dividend — 20 percent bonus share and 5 percent cash — to the shareholders from the net profit it earned in the last fiscal year .

Western Development Bank rights shares at 3:2 ratio from Nov 10

Western Development Bank Limited is issuing 4 lakh units of rights shares at 3:2 ratio from November 10.

The issuance of the rights shares of Rs 100 face value will be handled by Growmore Merchant Banker, the RTS of the development bank.

IPO public share issue of Manaslu Bikas Bank from today

Opening Day of 3,60,000 units IPO share of Manaslu Bikas BankLimited.
 Issue Price: Rs 100
 Allocated for Employees: 7200 units
 Allocated for General Public: 3,52,800 units

Minimum no of Kitta to be invested: 50 units
Maximum no of Kitta to be invested: 50,000 units

Opening Date: 27th Shrawan, 2070

Closing Date: 30th Shrawan, 2070
 Closing Date (Maximum): 9th Bhadra, 2070
 Issue Manager:  - Growmore Merchant Banker Limited, Durbar Marg, Kathmandu, 4222987

Century Commercial Bank IPO public share issue likely from 2nd week of Bhadra, 2070

Century Commercial Bank is all set to issue primary shares aimed at general public likely from 2nd week of Bhadra, 2070 . The bank has already appointed Citizen Investment Trust, Nabil Investment, Growmore Merchant, Civil Capital and NCM Merchant as issue managers.

Manaslu Bikas Bank MBBL's IPO shares for public

Manaslu Bikas Bank Limited, a three district development bank, has launched its IPO from today. The bank has floated 360,000 unit shares priced at Rs 100 per share.

Manaslu has set aside 7,200 unit shares for its employees, leaving 352,800 units for general public. Investors will have to file applications for a minimum of 50 units, while the limit for maximum shares has been set at 50,000 units.

Hamro Bikas Bank announced public IPO with 1,80,300 units shares from Shrawan 7.

Hamro Bikas Bank has announced to go public with 1,80,300 units shares. The bank is launching its initial public offering (IPO) from Shrawan 7.

The early closing date for filing application for the IPO has been set for Shrawan 10, though applicants will have 11 more days to apply as the last date has been fixed for Shrawan 21st if IPO not fully subscribed.

Interested investors will have to apply for a minimum of 50 shares and the bank has put a cap of 18,000 shares per applicant. Growmore Merchant Banker Limited has been appointed issue manager for the IPO.

The company has reserved 3606 shares for its employees.